Voluntary Commitment Reduction definition

Voluntary Commitment Reduction is defined in Section 2.8(b).
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Voluntary Commitment Reduction means any reduction of the Commitment made under the Credit Agreement pursuant to Section 2.06(a) of the Credit Agreement.
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Voluntary Commitment Reduction. Has the meaning set forth in Section 2.3(c).
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Examples of Voluntary Commitment Reduction in a sentence

  • Each Voluntary Commitment Reduction shall be accompanied by payment of any related Make-Whole Amount.

  • Each Voluntary Commitment Reduction shall be accompanied by payment of the related Make-Whole Amount.

  • The Required Lenders hereby consent and agree that the Voluntary Commitment Reduction shall be made effective immediately upon the Waiver Effective Date notwithstanding any requirement to provide advance written notice in Section 2.5 of the Credit Agreement and the Borrower hereby agrees to pay any accrued and unpaid Commitment Fees on the Waiver Effective Date.

  • Five exhibitions were held in Prague: My Picture of the Twentieth Century – an exhibition of artworks from a competition held by the Terezín Memorial in 2006; Jews in Combat and in the Resistance.

  • Each Voluntary Commitment Reduction (Revolver) shall be accompanied by payment of the related Make-Whole Amount.

  • Upon receipt of a Voluntary Commitment Reduction Notice from the Borrower pursuant to Section 2.7(a), the Administrative Agent shall promptly notify each Lender of the contents thereof and of such Xxxxxx’s ratable share (if any) of the related Voluntary Commitment Reduction.

  • The Administrative Agent acknowledges and agrees that this Amendment satisfies the notice requirements in connection with the Voluntary Commitment Reduction as set forth in Section 2.9 of the Credit Agreement.

  • Each Voluntary Commitment Reduction shall be accompanied by payment of the related Make-Whole Amount and the amount of Undrawn Fees accrued on the portion of the Commitments so reduced.

  • The Aggregate Commitments in effect on any date of determination shall be equal to the sum of (a) $75,000,000 less (b) the Voluntary Commitment Reduction Amount as at such date; provided that the Aggregate Commitments in effect on any date occurring during any Reduced Commitment Period shall be equal to the lesser of (i) the sum of $75,000,000 less the Voluntary Commitment Reduction Amount as at such date, and (ii) $30,000,000.

  • The Aggregate Commitments in effect on any date of determination shall be equal to the sum of (a) the Stated Commitment Amount less (b) the Voluntary Commitment Reduction Amount as at such date; provided that the Aggregate Commitments in effect on any date occurring during any Reduced Commitment Period shall be equal to the lesser of (i) the sum of the Stated Commitment Amount less the Voluntary Commitment Reduction Amount as at such date, and (ii) $50,000,000.


More Definitions of Voluntary Commitment Reduction

Voluntary Commitment Reduction and “Voluntary Commitment Reduction Notice” are defined in Section 2.7.
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Voluntary Commitment Reduction means any reduction in the Maximum Revolver Amount after the date hereof; it being understood that any Minimum Collateral Requirements or Reserves (whether temporary or permanent) will not be construed to be a reduction in the Maximum Revolver Amount; it being further understood that any conversion or replacement of revolver loan commitments with an equal amount of term loan financing, or vice versa, will not be construed to be a reduction in the Maximum Revolver Amount. With respect to each of the foregoing definitions in this Section 1 that make reference to terms defined in the Senior ABL Facility, in the event of any refinancing or restructuring of the Senior ABL Facility, such reference shall be to the equivalent terms in the Senior ABL Facility as so refinanced or restructured.
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Related to Voluntary Commitment Reduction

  • Commitment Reduction Notice has the meaning given that term in Section 2.13.

  • extended reduction means a reduction under this scheme for which a person is eligible under Part 12 (extended reductions);

  • Revolving Committed Amount shall have the meaning set forth in Section 2.1(a).

  • Total Commitment means, at any time, the sum of the Commitments of each of the Lenders at such time.

  • Revolving Commitment Period the period from and including the Closing Date to the Revolving Termination Date.

  • Revolving Credit Commitment Termination Date means the earliest to occur of (i) other than with respect to Extended Revolving Credit Commitments, August 28, 2022, (ii) the date the Revolving Credit Commitments are permanently reduced to zero pursuant to Section 2.13(b) or 2.14, (iii) the date of the termination of the Revolving Credit Commitments pursuant to Section 8.2, and (iv) solely with respect to any Extended Revolving Credit Commitments, the applicable Extended Maturity Date.

  • Revolving Commitment Termination Date means the earliest to occur of (i) the fifth anniversary of the Closing Date, (ii) the date the Revolving Commitments are permanently reduced to zero pursuant to Section 2.13(b) or 2.14, and (iii) the date of the termination of the Revolving Commitments pursuant to Section 8.1.

  • Aggregate Revolving Committed Amount means the aggregate amount of Commitments in effect from time to time, being initially One Hundred Fifty Million Dollars ($150,000,000) (as such amount may be increased as provided in Section 2.5 or reduced as provided in Section 2.9 from time to time).

  • Facility A Commitment means, in relation to a Facility A Lender, the amount set opposite its name in column 1 of part E of schedule 1 or, as the case may be, in any relevant Transfer Certificate, as amended by any relevant term of this Agreement;

  • Aggregate Reduction has the meaning specified in Section 1.3.

  • LOC Committed Amount shall have the meaning set forth in Section 2.3(a).

  • Replacement Revolving Commitments shall have the meaning assigned to such term in Section 2.22.

  • Unused Revolving Commitment means, for any Lender at any time, the excess of (i) such Lender’s Revolving Commitment at such time over (ii) such Lender’s Revolving Facility Exposure at such time.

  • Aggregate Commitment means the aggregate of the Commitments of all of the Lenders, as reduced or increased from time to time pursuant to the terms and conditions hereof. As of the Effective Date, the Aggregate Commitment is $500,000,000.

  • Available Revolving Commitment as to any Revolving Lender at any time, an amount equal to the excess, if any, of (a) such Lender’s Revolving Commitment then in effect over (b) such Lender’s Revolving Extensions of Credit then outstanding; provided, that in calculating any Lender’s Revolving Extensions of Credit for the purpose of determining such Lender’s Available Revolving Commitment pursuant to Section 2.8(a), the aggregate principal amount of Swingline Loans then outstanding shall be deemed to be zero.

  • Revolving Loan Commitment Termination Date means the earliest of

  • Aggregate Revolving Commitment means the aggregate of the Revolving Commitments of all of the Revolving Lenders, as reduced or increased from time to time pursuant to the terms and conditions hereof. As of the Effective Date, the Aggregate Revolving Commitment is $1,000,000,000.

  • Revolving Commitment Increase has the meaning set forth in Section 2.14(a).

  • Proposed Reduction Date has the meaning set forth in Section 1.3.

  • Revolving Commitment Amount means the Revolving Commitment amount (if any) set forth adjacent to such Lender’s name on Schedule A attached hereto (or, in the case of any Lender that became party to this Agreement after the Closing Date pursuant to Section 16.3(c) or (d) hereof, the Revolving Commitment amount (if any) of such Lender as set forth in the applicable Commitment Transfer Supplement).

  • Total Unutilized Revolving Loan Commitment means, at any time, an amount equal to the remainder of (x) the Total Revolving Loan Commitment in effect at such time less (y) the sum of (i) the aggregate principal amount of all Revolving Loans and Swingline Loans outstanding at such time plus (ii) the aggregate amount of all Letter of Credit Outstandings at such time.

  • Revolving Commitment Increase Lender has the meaning specified in Section 2.14(a).

  • Extended Revolving Commitment shall have the meaning assigned to such term in Section 2.19(a).

  • Aggregate Revolving Commitment Amount means the aggregate principal amount of the Aggregate Revolving Commitments from time to time. On the Closing Date, the Aggregate Revolving Commitment Amount is $300,000,000.

  • Term Loan Committed Amount shall have the meaning set forth in Section 2.2(a).

  • Revolving Commitments means such commitments of all Lenders in the aggregate. The amount of each Lender’s Revolving Commitment, if any, is set forth on Appendix A or in the applicable Assignment Agreement, subject to any adjustment or reduction pursuant to the terms and conditions hereof. The aggregate amount of the Revolving Commitments as of the Closing Date is $500,000,000.